Though up for the day, Shanghai Composite Index lost 5.3% for the week

Bonds and stocks across Asia rebounded Friday following a bout of global turmoil, although a bruising three-day selloff left Chinese stocks with their biggest weekly loss in five years.

The benchmark Shanghai Composite Index, though up 2.3% for the day, lost 5.3% for the week, its worst performance since May 2010. Most other stock markets in the region also crept higher to claw back some of the losses from earlier in the week.